HUD Selling REO Properties to Assist Tornado Victims
HUD Selling REO Properties to Assist Tornado Victims
HUD Selling REO Properties to Assist Tornado Victims
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August 17, 2011 (Jeff Alan)

The Department of Housing and Urban Development (HUD) has announced an “unprecedented” pilot program that provides housing assistance to families affected by the catastrophic tornadoes in Joplin, MO, and central Alabama.

In this first of its kind program, HUD plans on selling nearly 90 “move-in ready” REO properties to public housing authorities in the affected areas at a discount price.

The public housing authorities will then make the properties available for lease or sale to any person displaced by the tornadoes within two months.

The REO properties in Alabama are available in the following counties:

Autauga, Calhoun, Elmore, Jefferson, Limestone, Madison, Marion, Marshall and Tallapoosa

Due to Joplin’s close proximity to neighboring states, REO properties are being offered within a 20 mile radius of Joplin’s city limits. The states and counties that REO properties are being offered in are:

Kansas: Cherokee County

Missouri: Jasper and Newton Counties

Oklahoma: Ottawa County

“After witnessing first-hand the size and scope of the devastation in Alabama, I knew we must do more,” said HUD Secretary Shaun Donovan. “For the first-time, HUD has designed a pilot program that will bring families affected by a significant disaster closer to stability by quickly providing them with an opportunity to purchase or lease a home. We hope to be able to use this draft purchase agreement as a model to assist other families displaced after a disaster.”

Families and individuals who have been displaced by the tornadoes in the affected areas and are interested in purchasing or leasing one of these properties, or needs more information on how to apply, can contact one of the local public housing authorities listed here.

Tags: tornado assistance, HUD, REO properties, Joplin, housing assistance, Alabama, public housing authorities, displaced families

Source:
HUD

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Todays Mortgage
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August 17, 2011 (Jeff Alan)

The Department of Housing and Urban Development (HUD) has announced an “unprecedented” pilot program that provides housing assistance to families affected by the catastrophic tornadoes in Joplin, MO, and central Alabama.

In this first of its kind program, HUD plans on selling nearly 90 “move-in ready” REO properties to public housing authorities in the affected areas at a discount price.

The public housing authorities will then make the properties available for lease or sale to any person displaced by the tornadoes within two months.

The REO properties in Alabama are available in the following counties:

Autauga, Calhoun, Elmore, Jefferson, Limestone, Madison, Marion, Marshall and Tallapoosa

Due to Joplin’s close proximity to neighboring states, REO properties are being offered within a 20 mile radius of Joplin’s city limits. The states and counties that REO properties are being offered in are:

Kansas: Cherokee County

Missouri: Jasper and Newton Counties

Oklahoma: Ottawa County

“After witnessing first-hand the size and scope of the devastation in Alabama, I knew we must do more,” said HUD Secretary Shaun Donovan. “For the first-time, HUD has designed a pilot program that will bring families affected by a significant disaster closer to stability by quickly providing them with an opportunity to purchase or lease a home. We hope to be able to use this draft purchase agreement as a model to assist other families displaced after a disaster.”

Families and individuals who have been displaced by the tornadoes in the affected areas and are interested in purchasing or leasing one of these properties, or needs more information on how to apply, can contact one of the local public housing authorities listed here.

Tags: tornado assistance, HUD, REO properties, Joplin, housing assistance, Alabama, public housing authorities, displaced families

Source:
HUD

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

August 17, 2011 (Jeff Alan)

The Department of Housing and Urban Development (HUD) has announced an “unprecedented” pilot program that provides housing assistance to families affected by the catastrophic tornadoes in Joplin, MO, and central Alabama.

In this first of its kind program, HUD plans on selling nearly 90 “move-in ready” REO properties to public housing authorities in the affected areas at a discount price.

The public housing authorities will then make the properties available for lease or sale to any person displaced by the tornadoes within two months.

The REO properties in Alabama are available in the following counties:

Autauga, Calhoun, Elmore, Jefferson, Limestone, Madison, Marion, Marshall and Tallapoosa

Due to Joplin’s close proximity to neighboring states, REO properties are being offered within a 20 mile radius of Joplin’s city limits. The states and counties that REO properties are being offered in are:

Kansas: Cherokee County

Missouri: Jasper and Newton Counties

Oklahoma: Ottawa County

“After witnessing first-hand the size and scope of the devastation in Alabama, I knew we must do more,” said HUD Secretary Shaun Donovan. “For the first-time, HUD has designed a pilot program that will bring families affected by a significant disaster closer to stability by quickly providing them with an opportunity to purchase or lease a home. We hope to be able to use this draft purchase agreement as a model to assist other families displaced after a disaster.”

Families and individuals who have been displaced by the tornadoes in the affected areas and are interested in purchasing or leasing one of these properties, or needs more information on how to apply, can contact one of the local public housing authorities listed here.

Tags: tornado assistance, HUD, REO properties, Joplin, housing assistance, Alabama, public housing authorities, displaced families

Source:
HUD

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.